TAKING A CLOSER LOOK AT DOWNTOWN SEATTLE HOUSING MARKET STATISTICS
Saturday, Feb 4, 2012

By Dean Jones

As media headlines are largely driven by monthly reports from the NWMLS or S&P/Case-Shiller’s Home Price Index, it’s important to note that aggregated market statistics don’t speak for all submarkets that comprise the region.  Just like the weather, there are microclimates that occur in real estate so the balance of supply and demand can be very different from the general trends reported in the headlines. 

Ultimately, real estate is a very “local” business and given Realogics Sotheby’s International Realty is a leader in the in-city multifamily market segment, we’ve drilled down somewhat to compare what’s actually happening with downtown condos versus the broader housing trends. 

Here are the most notable trends for NWMLS Area #701 (downtown Seattle) condominiums:

  • MEDIAN HOME PRICES IN 2011                ...
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2011 Year-End Real Estate Statistics for Bainbridge Island by Kristi Nelson
Sunday, Jan 22, 2012

by Kristi Nelson, Broker at Realogics Sotheby’s International Realty of Bainbridge Island

Real Estate on Bainbridge Island in 2011 continued to see a decline in residential median home sale prices, down nearly 8.5 percent from 2010. The number of closed sales showed a slight increase of about 1.5 percent.

Condominiums, however, fared much better, with the number of sales increasing significantly at about 26.5 percent and the median sales price declining only slightly at 3.5 percent.

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Housing May Turn the Corner in 2012
Thursday, Jan 19, 2012

CoreLogic’s chief economist Mark Fleming says housing statistics and the duration of the downturn to date indicate 2012 may be the year the housing market begins to turn the corner. He points out that households are paying off their debts and at the same time accessing credit more easily, with some even adding Home Equity Lines of Credit in the third quarter of last year – the first such movement for these second-lien mortgage products since the financial crisis began.

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Existing Real Estate Sales to Rise 12%, New Homes 74% in 2012
Wednesday, Jan 18, 2012

Moody’s Analytics’ most recent report on economic conditions and the outlook for the real estate market paints a surprisingly positive picture for the coming year. Existing home sales, new home construction, and new home sales will reportedly all rise in significant numbers in 2012.

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How to Turn Leads into Real Estate Clients
Tuesday, Jan 17, 2012

Real estate professionals take note: The key to converting online leads into clients is to make sure consumers have an "amazing" experience start to finish, beginning with your website, according to a panel of speakers at Real Estate Connect Wednesday.

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